Dream BIGGER!

Dream BIGGER!

  When I was a kid I would daydream all the time. I had a huge imagination. Then I went through a “get my shit together” phase and I slowly stopped daydreaming. The only thing I was imagining was excuses and not hitting my goals. Fast forward. I made a major change in my life because I started daydreaming again. I started imagining a different life. Guess what? I have a different life. Most recently, I allowed myself to act on the daydream that was in my soul for many years. And I turned it into a new business. You don’t have to watch or listen to young children for very long to hear the stories they make up. They have wild imaginations. You know why? Because in their mind, anything is possible. Parents even tell them that. So, what happens? Society and even sometimes, our own family starts to tell us that there are limits. We can only do that if we went to a certain college. We can only have that if we make a certain amount of money. We can only be that if we look a certain way. WRONG!!! Stop giving yourself permission for the excuses. In the world of real estate, if you want to own a house – do it! Will it be the mansion on the hill as a first-time home buyer? Maybe not. But that doesn’t mean you can own a house. And, it doesn’t mean that the mansion on the hill won’t ever be yours. Think you don’t have enough money? Think about this. The average rent in Nashville TN is $1399/month for an apartment less than 1000 square feet. You know what else is $1399/month? The mortgage payment on a $344,000 house larger than 1000 square feet. (Obviously, there are some variables here, but you get the idea.) As a Realtor® I have many resources to help with credit and special financing. We have lenders that are true miracle workers. Stop telling yourself you can’t afford it. If you want it badly enough, you will find a way. What are you spending money now that isn’t necessary? Make a budget. Think there isn’t any inventory? We have ways of finding houses that are not on the market yet. As a Realtor, I have heard all sorts of stories and a lot of excuses. As a life coach, I have heard all sorts of stories and a lot of excuses. Dreams take time to manifest. You have to work toward making them happen. But if you don’t start today, you can guarantee it won’t happen tomorrow. So, give yourself permission to daydream and DREAM BIGGER!  ...

Read More

Dream On

Dream On

  If you know me on the surface or know me well, chances are you know that I am an Aerosmith fan. If you didn’t know that, well, you’re about to find out how much. I named my dogs Tyler and Livvie. I have albums, books, photos, paintings, drawings, memorabilia. The list goes on. One thing you can recognize me by is my license plate that says “Dream On”. It’s written a little differently but you get the idea. It’s my favorite song. And, it’s one of my favorite things to do. To dream. When I was a child I had an imaginary friend. I played with dolls and made them have full on conversations. Barbies fought with each other (I guess their dream house wasn’t quite good enough for them), and I spent literal hours just daydreaming. What do you dream about? Do you dream about winning the lottery? Or living on a tropical island? Do you dream of the relationships you want to have or the job you wish you had? You may dream of home ownership. (That is something I can certainly help you with.) Whether you dream while you’re awake or dream while you’re asleep, allow yourself to go there. Allow yourself to dream about what it would be like to have your dream home. Where is it? What does it look like? How big or small is it? What state is it in? Are there mountains, or trees, or water? Is it private or in the middle of a bustling city? When you allow yourself to dream and actually feel how it would feel to have that dream, your dreams begin to take shape and become reality. I speak from experience. Let’s go back to Aerosmith (please). I had been dreaming for years about meeting Steven Tyler. I would visualize it and tell stories about how it was going to happen. I honestly believed it. I felt it. I had some amazing experiences of concert adventures. Steven even talked to me on the microphone from stage at a show in Nashville. Steven bought a house in Nashville and friends would text me pictures when they saw him around town. I never ran into him but I still had the dream. Fast forward to September of 2019. I scored front row seats to see Aerosmith in Las Vegas. Being so close to the action was incredible. The show was coming to an end, the band walked to the front of the stage and introduced each other and the crew. Then it happened. Steven walked toward me. My now fiance pushed me up to help me sit on the edge of the stage. What happened next...

Read More

Online Mortgage Companies

Online Mortgage Companies

  So, you’re in the market for a new home and you need a mortgage. It is a great idea to shop around. While rates are mostly based on you as an individual and likely won’t change with vendors, there are other factors that can cost you more from company to company. My first recommendation is to ask your Realtor. If you don’t have a Realtor, ask a friend for a referral if they were happy with their lender. You will likely check out online mortgage companies as well. I will give you some pros and cons and things to watch out for. A personal referral is almost always a great way to go. Here’s why: Someone you know and trust has used them or recommends them. Depending on the referrers relationship, you may get some discounts on fees or they may rush the process if needed. This lender will likely check lots of options for you and suggest the one or two loan programs that suit your needs best. You have a personal advocate to work things out on your behalf and you aren’t going through a call center. If they are local, you can go to their office to go through paperwork so you understand the process and what you are signing. Online mortgage companies can be great, but they can also be a nightmare. Here’s why: Unless you have been referred to an actual person at an online company, you are just getting whomever happens to be next on the list at the time you contact them. They may or may not have a good amount of experience. Some online mortgage companies tout low rates but you need to make sure to get a list of all the fees they will charge. Unfortunately, even if you ask for all fees up front, you may have a surprise fee show up in the process or even at the closing. Since you don’t have a personal relationship, some online mortgage company employees can be a bit more callus and not be as concerned with your referrals or reviews, therefore, not advocate for you if things go wrong. Some online mortgage companies may not have the ability to do all types of loans, therefore, they may push you into a loan that isn’t really the best for you. If/when delays happen or issues arise, it is much harder to get to a person in a superior position to help. The most delays and disappointment I have seen my clients deal with is when they have used an online mortgage company. This is not to say that some have not had great experiences, but the majority have not. Rule of...

Read More

We’re Closing!

We’re Closing!

  You have been keeping your house clean for what seems like an eternity. A Buyer came along and you negotiated the terms and your agent calls to say, “We’re closing!” So now what? There are several things you need to know and to consider about the closing. If you read my blog Read The Contract!, you will know how important it is to read what you are signing. Not only can you get into legal trouble if you don’t, you may not understand the important details of the actual closing and your move. I go over the contract with my clients but even still, there is so much information and many times, emotion, that not everyone understands the details they are agreeing to. Let’s take a look at some details that can be overlooked:   Closing and Possession Date:Are these dates the same? In Tennessee, most of the time they are but not necessarily. If they are the same, that means that when you go to closing to sign the paperwork, if you are the Seller, you need to be out of the house for good. If you are the Buyer, when you go to closing, as long as the house has been paid for (I will talk about this point in more detail), you should receive keys and be allowed to move in immediately. As a Seller, if you know you are going to need more time to get out, that needs to be discussed in negotiations. As a Buyer, if you need to get into the house prior to closing, that needs to be negotiated on the front end. Be sure to communicate timing with your agent or the other party. Your closing may be first thing in the morning and the other party may not be signing papers until the end of the business day if the closings are “split.” This may cause some confusion as to when the Seller needs to be out and when the Buyer can move in. Funding:Whether the Buyer is paying cash or getting a loan, the money needs to be in the hands of the title company and possibly even the Seller, before the keys will be given and the Buyer will gain possession.  If there is a loan involved, the loan will need to be funded by the mortgage company and the down payment and any closing costs will need to be received. Many people think that since they signed the paperwork, it is a done deal and the Buyer can move in. Just like you can’t walk out of a grocery store with a full cart without paying, you can’t move into a house you haven’t paid...

Read More

READ THE CONTRACT!

READ THE CONTRACT!

  I get so many calls from clients and agents asking me questions. Sure, I can just give them the answer, and ultimately, I do, but I also ask, “have you read the contract?” When was the last time you signed something you didn’t read? Think about it. I bet it was more recent than you remember. Did you click, “I agree” to something online without reading it so you could move on to the next step? Did you sign a car rental contract or a form at the doctor’s office without reading it? We are all guilty of it. I wonder what sort of issues we could get into from some of the legal documents we sign that we don’t read. We don’t know! Well, the legal ramifications of us not reading the 20 items before we click “I agree” to buy a song on iTunes is probably much less than they are on a purchase and sale agreement in real estate. When everything goes as planned and both parties do their part and the sale closes without incident, no problem. However, what happens when it doesn’t? Do you know how you can lose your earnest money? Are you sure? Do you know how you can keep a Buyer’s earnest money? Are you sure? Do you know how you can get out of a contract? Do you know how many days you have to apply for your loan? Did you know a Buyer needs to provide notice to the Seller that the appraisal has been ordered – and paid for? Do you know how long the parties have for inspections? What is a resolution period? When does it start? And how long is it? If you write multiple Counter Offers, do all the points on all the forms go into effect? Can I take the custom drapes that I had made for my Dining Room? What is a fixture? I can take the rose bush that was my mother’s that is planted in the backyard, right? I said I was getting a Conventional loan but changed my mind, does this matter? What are the things I have to pay for at closing? Wait a minute! I got to closing and there is a charge for Transfer Fee that I am having to pay for. What is that and why do I have to pay for it? What’s a performance deadline? Most of these items are answered in the Purchase and Sale Agreement. If you read it, you will know the answer to it. A few are more detailed and are things that only good agents may know the answer to (rose bush). These are just some reasons to...

Read More

What is a Buyer’s Representation Agreement Anyway?

What is a Buyer’s Representation Agreement Anyway?

  You are in the market for a house. You find a Realtor. They are a family friend, or a referral from a friend, or you found them on the internet. You meet with them and they ask you to sign a contract to represent you. Wait, you haven’t even found a house. What is a Buyer’s Representation Agreement anyway? What does it mean, and should you sign it? First let’s look at the different types of Buyer representation agreements. (Disclaimer: This is for the State of Tennessee. You will want to check with your state to find out what types they use.) There are two main types with two sub-types. There are Exclusive and Non-Exclusive as well as Buyer Agency and Designated Agency. Exclusive Buyer’s Representation Agreement: This is an agreement that says the agent or company is the only agent or company that has the right to represent the buyer in a residential real estate transaction. Non-exclusive Buyer’s Representation Agreement: This agreement allows a Buyer to hire more than one agent or company to represent them in a residential real estate transaction. Buyer Agency: Under this type of Buyer’s Representation Agreement, the entire real estate company technically represent the Buyer. Designated Agency: This type of Buyer’s Representation Agreement will designate one agent in a company to represent the Buyer. Why would you sign them? Exclusive Buyer’s Representation Agreement – Buyer Agency/Designated Agency: A Buyer has one agent or one company working for them. Some buyers may think they will get more results if they hire more than one agent. In my experience, agents/companies tend to work harder for the buyers that are working with them exclusively. This type of agreement obligates both parties to each other which typically forms a loyalty from day one and will cause an agent/company to put every effort into finding the perfect property for the buyer, knowing that if/when they do, they will get paid. Non-exclusive Buyer’s Representation Agreement – Buyer Agency/Designated Agency: Some investors decide that this is the best agreement to sign because agents/companies may have access to different off-market properties. This may be true for some, however, my opinion is that a buyer will typically get the best service if the agent/company knows they have their client’s loyalty. Should you sign it? In the state of Tennessee, in order for an agent/company to work for you, there must be a written agreement, so, yes, you should sign it. However, the fact that you sign it, doesn’t mean you are stuck if the agent/company does not perform their duties. Either party may terminate the agreement. If you don’t feel you are receiving the best service, speak to the agent/company. If...

Read More